6601 Rubicon Road, Lincoln, ND 58504

Building Details

Year Built 2026 More

Listing Agency: Realty One Group - Encore p**@rogencore.com

Listed By: Caylee Krein Show Phone

Source: Gabrielblackre

Added: Sep 29 Changed: Nov 7 Last Checked: Nov 6 at 2:47PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group - Encore

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

New-construction flex shop condos provide open floor areas with 20-foot sidewalls, radiant heat, and an oversized overhead door measuring 16 feet wide by 18 feet tall. A standard unit is approximately 2,400 square feet, with a 30-foot width and 80-foot depth. Adjacent units may be combined in 30-foot increments, subject to availability, and customization can be discussed during construction.

The gravel site allows room to maneuver work vehicles, trailers, and heavy equipment. Standard electrical service is provided, with three-phase power available at the buyer’s expense. Midco fiber optic service is available to the property. Additional outdoor parking or storage may be available at an added cost. The property is zoned for heavy industrial use.

Key Highlights

• Standard unit: approximately 2,400 SF, measuring 30′ wide by 80′ deep
• 20′ sidewalls, radiant heat, and a 16′ wide by 18′ tall overhead door
• Adjacent units may be combined in 30′ increments, subject to availability

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,772

Cap Rate

3.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,440 $375.4K

Cap Rate 7%

$268,171 $268.2K

Cap Rate 9%

$208,578 $208.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$33.1K $13.80/SF

− Vacancy

−$4.2K −$1.77/SF

EGI

$28.9K $12.03/SF

− OpEx

−$10.1K −$4.21/SF

NOI

$18.8K $7.82/SF

Area

Burleigh County, ND

Vacancy

12.80%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$375,440

Cap Rate 7%

$268,171

Cap Rate 9%

$208,578

Alternative Uses

Best Use

Flex RnD

$268.2K

$234.7K – $312.9K (±1% cap)

NOI $18,772 @ 7.0% cap · market cap 3.95%

Second Best

Industrial

$146.5K

$128.2K – $170.9K (±1% cap)

NOI $10,256 @ 7.0% cap · market cap 2.16%

Theoretical Best

Office A

$571.1K

$499.7K – $666.3K (±1% cap)

NOI $39,979 @ 7.0% cap · market cap 8.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 58504, ND

29,517

Population

12,479

Households

2.4

Avg Household Size

35

Median Age

31%

College-Educated

94%

High-School Grad

103.3 sq mi

ZIP Area

286

Density / Sq Mi

$78,671

Median Household Income

$45,817

Median Earnings

$940

Median Rent

$282,100

Median Home Value

Market

Average Price Trend$/SF for Flex space in Burleigh County, ND

$177 Jul

$171 Aug

$143 Sep

$149 Oct

Properties on Market for Flex space in Burleigh County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Open work areas, radiant heat, and heavy-industrial zoning support equipment-oriented operations.

Where is this flex space located?

The property is located at 6601 Rubicon Road Lincoln, ND.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Standard unit: approximately 2,400 SF, measuring 30′ wide by 80′ deep; 20′ sidewalls, radiant heat, and a 16′ wide by 18′ tall overhead door; Adjacent units may be combined in 30′ increments, subject to availability